News

BSP stays 'vigilant' to keep inflation under control: Espenilla

ABS-CBN News
Posted at Dec 05 10:24 AM

The 6-percent print in November, from 6.7 percent in the previous 2 months, is "very encouraging" and points to inflation heading back to the BSP's 2 to 4 percent target, Governor Nestor Espenilla said. Read more »

Inflation likely at 5.8 to 6.6 percent in November: BSP

ABS-CBN News
Posted at Nov 29 02:54 PM

Falling oil prices, the normalization of rice supply and the strengthening of the peso against the dollar caused price spikes to slow, the BSP's Department of Economic Research said. Read more »

Espenilla: BSP open for clearing, settlement during Xi visit

ABS-CBN News
Posted at Nov 19 03:41 PM

Governor Nestor Espenilla said the Bangko Sentral ng Pilipinas will be open for clearing and settlement Tuesday, despite the city-wide holiday for Chinese President Xi Jinping's visit.  Read more »

BSP Gov Espenilla says he's 'fine,' will limit public appearances

ABS-CBN News
Posted at Nov 19 11:57 AM

It was Espenilla's first public comments since he he announced in October that he was extending his medical leave. Read more »

PH shares jump back above 7,000

ABS-CBN News
Posted at Nov 17 12:53 AM

Philippine shares close above the crucial 7,000 support level as investors cheer the Bangko Sentral ng Pilipinas' Thursday rate hike.  Read more »

Bangko Sentral drastically lowers 2019 inflation outlook

ABS-CBN News
Posted at Nov 15 11:26 PM

The Philippine central bank drastically lowered its inflation forecast for 2019, following the passage of the rice tariffication bill by the Senate.  Read more »

Cash remittances up 2.3 pct in Sept

ABS-CBN News
Updated as of Nov 15 09:21 PM

Cash remittances from overseas Filipinos rose 2.3 percent in September, the Bangko Sentral ng Pilipinas said Thursday.  Read more »

BSP fires fifth straight rate hike as growth slows

ABS-CBN News
Updated as of Nov 15 04:32 PM

The Bangko Sentral ng Pilipinas' move came as third quarter GDP growth slowed and inflation stayed at near 10-year highs. Read more »

Financial markets await BSP move on interest rates

ABS-CBN News
Posted at Nov 15 10:54 AM

Monetary authorities, however, can also "afford to pause at this time" given the weakness in Wall Street and lower oil prices in the world market, said BDO Unibank chief market strategist Jonathan Ravelas. Read more »

Shares back above 6,900 ahead of BSP policy meeting

ABS-CBN News
Posted at Nov 14 11:01 PM

Investors seem to be relaxed ahead of the Bangko Sentral ng Pilipinas' policy meeting Thursday as Philippine shares rise above the crucial 6,900 level. Read more »

Poll: Analysts split on BSP rate hike after weak Q3 growth

Reuters
Posted at Nov 13 01:16 PM

Analysts were nearly evenly split on whether the Philippine central bank will raise interest rates on Nov. 15 to tackle stubbornly high inflation after the economy grew at its slowest annual pace in more than three years in the third quarter. Read more »

October inflation likely at 6.2 to 7 percent, says BSP think tank

ABS-CBN News
Updated as of Oct 31 03:53 PM

This range is in line with the BSP's assessment that inflation might have peaked in the third quarter. Read more »

Bangko Sentral requires certification for UITF marketing personnel

ABS-CBN News
Posted at Oct 30 03:30 PM

A transitory rule will allow existing UITF marketing personnel until 2021 to be certified. Those who fail the certification during the transition will not be allowed to sell UITFs until they are certified. Read more »

BSP: 6.2% inflation for Q3

Jonathan Cellona, ABS-CBN News
Updated as of Oct 20 01:27 AM

People buy from a vegetable market in Commonwealth Avenue Quezon City on Friday. The Bangko Sentral ng Pilipinas (BSP) released a report on Friday stating that inflation for the third quarter reached 6.2 percent. Read more »

Inflation may continue to rise, BSP says

ABS-CBN News
Posted at Oct 19 11:42 PM

The Bangko Sentral ng Pilipinas admitted inflation will continue to accelerate towards the end of the year because of the rise in transport and electricity costs. Read more »

Inflation rate ng Hulyo hanggang Setyembre: 6.2 porsiyento

ABS-CBN News
Posted at Oct 19 10:29 PM

Umakyat ang kabuuang inflation rate, o ang pagtaas ng presyo ng mga bilihin at serbisyo, sa 6.2 porsiyento sa nakaraang tatlong buwan mula Hulyo hanggang Setyembre 2018, ayon sa Bangko Sentral ng Pilipinas. Read more »

Palace confident 'disinflation' to happen soon

ABS-CBN News
Posted at Oct 19 05:53 PM

MANILA - Malacañang on Friday said it is confident that inflation will soon taper in the coming months, after inflation for the third quarter averaged at 6.2 percent, data from the Bangko Sentral ng Pilipinas (BSP) released Friday showed. Read more »

Bangko Sentral Gov. Espenilla extends medical leave for another week

ABS-CBN News
Updated as of Oct 17 12:12 PM

The Bangko Sentral ng Pilipinas (BSP) on Wednesday said Governor Nestor Espenilla would be extending his medical leave until Oct. 26 to complete his treatment for tongue cancer. Read more »

Taas-presyo, pinakamataas sa loob ng 9 na taon

ABS-CBN News
Posted at Oct 05 08:35 PM

Mas mababa ang 6.7 porsiyento kaysa sa inaasahan ng Department of Finance at Bangko Sentral na 6.8 porsiyentong inflation rate, pero ito na ang pinakamataas na naitala sa nakalipas na siyam na taon.  Read more »

Bangko Sentral says inflation may have peaked

ABS-CBN News
Posted at Oct 05 11:43 AM

September inflation of 6.7 percent was below the 6.8-percent forecast of economists and within the BSP's 6.3 to 7.1 percent range. President Rodrigo Duterte's economic managers said the data showed 'clear signs' of easing. Read more »